North America Fire Alarm And Detection Market Size & Outlook
North America fire alarm and detection market, 2018-2030 (US$M)
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North America fire alarm and detection market highlights
- The North America fire alarm and detection market generated a revenue of USD 11,916.4 million in 2022.
- The market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, fire detection was the largest revenue generating solution in 2022.
- Fire Detection is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 11,916.4 million |
| Market revenue in 2030 | USD 16,519.2 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Fire detection |
| Fastest growing segment | Fire Detection |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Detection |
| Key market players worldwide | Eaton Corp PLC, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, NAPCO Security Technologies Inc, Robert Bosch Engineering & Business Solutions, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, North America region accounted for 37.2% of the global fire alarm and detection market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,807.3 million by 2030.
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Fire Alarm And Detection Market Scope
Fire Alarm And Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America fire alarm and detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire alarm and detection market will help companies and investors design strategic landscapes.
Fire detection was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the North America fire alarm and detection market based on fire detection covering the revenue growth of each sub-segment from 2018 to 2030.
North America has a presence of major fire safety equipment manufacturers namely Gentex Corporation, Honeywell International, Inc., and Johnson Controls. As these companies are actively involved in the spreading the awareness regarding fire safety, the market is expected to hold the largest share in 2020 and will continue its dominance over the forecast period.
The individual states have varying requirements surrounding fire and smoke detectors and fire alarms. Over the past few years, the increased stringency for installing fire safety systems in older buildings has significantly driven the market.
For 2018, the Canadian government has a budget of approximately USD 33 billion for infrastructure investment. The government has shifted its focus towards development of smart cities and has adopted standards equivalent to NFPA which will foster the growth for fire alarm and detection market over the forecast period.
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Our clientele includes a mix of fire alarm and detection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America fire alarm and detection market , including forecasts for subscribers. This continent databook contains high-level insights into North America fire alarm and detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America fire alarm and detection market size, by country, 2018-2030 (US$M)
North America Fire Alarm And Detection Market Outlook Share, 2022 & 2030 (US$M)
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